JPMorgan, Deutsche Judge Explains Why Epstein Suits May Proceed

The judge overseeing lawsuits alleging JPMorgan Chase & Co. and Deutsche Bank AG knowingly benefited from Jeffrey Epstein’s sex trafficking operation explained his reasoning behind allowing some claims to proceed but dismissing several others.

US District Judge Jed Rakoff issued a 54-page opinion Monday elaborating on a four-page ruling March 20 that tossed most claims against the banks in separate proposed class action suits by two Epstein victims, each identified only as Jane Doe. Rakoff also threw out three of four claims against JPMorgan in a US Virgin Islands suit.

But Rakoff said the banks must face key ...